buy at 6, page-17

BBY are calling the Mitsu-MMX deal a major coup by MMX.

Sets the scene for JORC deliniations to come.

China's iron demand getting desperate, Credit Suisse looking at 25% increase on price next year.

India's steel industry squeezed forcing government intervention over iron use.

Japan speeding their manufacturing output requiring iron to meet China demand for product (cars etc). 3 billion spent on Australian mid-tier miner to ensure this iron supply.

Now that's a supply-demand scenario going on big time.

Lots of inertia behind it, hard to stop it.

Last year, every few months or so, a journalist would appear in a new suit, a new haircut and announce : "That's it! No more boom. All over by next year." Then disappear. Who was this person? I have no idea. Do they still do this on tv? I don't watch it much. I'm busy in the real world, watching these countries and watching these companies - with their Real World Moves.